Bears will come back soon
This is a short and simple analysis.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.
Multi-year long ascending trend line broken and retested.
Since 2017 PA formed a double top which is now being retested.
This thesis is also confirmed by volume ascending trend with dumping PA, and volume descending trend now that PA is retesting previous support => correction.
Only thing to expect next is continuation of downtrend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.